China stocks fall more than 1 percent in early trade

domingo 30 de agosto de 2015 21:37 GYT
 

SHANGHAI Aug 31 (Reuters) - China major stock indexes fell more than 1 percent in early trade on Monday, after showing some signs of steadying on Friday on fresh government support.

The CSI300 index was down 1.8 percent at 3,281.55 points by 0131 GMT, while the Shanghai Composite Index fell a similar amount to 3,172.55 points.

China CSI300 stock index futures for September fell 0.4 percent, to 3,123.8, 183.60 points below the current value of the underlying index.

The Hang Seng index in Hong Kong was up 0.8 percent at 21,793.02 points.

Skittish markets are awaiting factory and service sector activity surveys from the world's second-second largest economy on Tuesday.

China shares have plunged some 40 percent since mid-June.

While China's stock markets seldom reflect the true state of the economy, the plunge, coupled with Beijing's unexpected currency devaluation in mid-August, has fueled policy uncertainty and added to global fears that the economy may be at risk of a sharper slowdown than earlier expected. (Reporting by Pete Sweeney; Editing by Kim Coghill)